Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Auck. - Why We All Need It To Be More Productive


15 October 2003

Media Release

Auckland - Why We All Need It To Be 80% More Productive
Over The Next Decade

“Economic growth isn’t everything – but without it, we won’t ever achieve our social and environmental ambitions” said Auckland Regional Chamber of Commerce CEO Michael Barnett yesterday. Mr Barnett was speaking at the Auckland launch of the New Zealand Chambers’ latest policy document last night.

“We all want to see New Zealand back into the top half of the world’s most prosperous economies. This needs 4% real growth every year for the next fifteen years – a 50% increase in the national economy over a decade.

Five key drivers will make this happen.

“In the next decade we need to more than double productivity growth, by greatly improving our ability to innovate.”

“Exports must grow 70%, so we need to improve market access and tear down barriers to exporting.

“Our work force will need more people, so we must lift basic skills, reduce the numbers on welfare and use immigration to help replace our ageing population.

“New spending by central and local government must not exceed 1% each year, thus reducing governments’ relative share of the economy from 40% to 30% over the next decade.

“And the Auckland economy, which already accounts for one third of our nation’s production, will need to grow 80%. Auckland is a major centre of economic activity and we need to ensure that neither it nor any other of our key productive regions is held back by poor infrastructure and constipated decision-making”.

“This is not a win / lose proposition with Auckland gaining at the expense of the rest of the country” emphasized Mr Barnett.

“Instead, we’re saying that the best way to get our country back where it belongs is to hit our five dynamic policy goals simultaneously. That includes ensuring Auckland is fit to produce 80% more over the next decade without short-changing the rest of the country.”

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Tourism: Employers Welcome Back Working Holidaymakers

Tourism businesses gearing up for the return of Australian visitors from next week will be relieved to learn that they will also have access to an offshore pool of much-needed job candidates, Tourism Industry Aotearoa says. Tourism employers around ... More>>

Commerce Commission: Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans

The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More>>

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: New Report Shows Impact Of Demands On Land In New Zealand

A new environmental report released today by the Ministry for the Environment and Stats NZ, presents new data on New Zealand’s land cover, soil quality, and land fragmentation. The land cover data in the report, Our land 2021 , provides the most ... More>>

ALSO:

Stats NZ: March Card Spending Rebounds Despite COVID

There was a lift in retail card spending in March following a fall in the lockdown-disrupted February month, Stats NZ said today. Seasonally adjusted retail card spending rose by $53 million (0.9 percent), compared with February 2021. Visit our website to read ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>